Economics

 

Do market trends fascinate you? Are you interested in understanding how social phenomena such as poverty, international trade, and fertility rates can be analyzed using the principles of economics?

Colby’s Economics Department prepares students to analyze market behavior and the interactions among consumers, firms, and governments. Courses emphasize theoretical modeling, empirical analysis, and critical thinking. Students learn skills and tools of the trade used to investigate how individuals and firms make decisions in private and public spheres and the consequences of resulting resource allocations.

Through introductory study in microeconomic and macroeconomic theory and focused upper-level courses, students understand the complexity of production, distribution, and consumption of goods and services. This knowledge is integral to the study of competition, government behavior, globalization, poverty, discrimination, the environment, and other issues of public and private life.

Within the major, students may elect a concentration in financial markets or mathematical economics.